The Bank of England and Bank of Japan left interest rates unchanged as expected. But the Fed’s ‘hawkish’ cut slams global markets.

Christmas may have come early for investors after Bitcoin surpassed $107,000 for the first time. Prices are up over 10% month-to-date, pushing 2024-year gains beyond 150%.

Brace yourself! Major central bank decisions could spark fresh trading opportunities across FX markets. Our focus falls on the Yen which is expected to be the most volatile G10 currency versus the USD over the next one-week!

FXTM’s USDInd is on standby mode ahead of the US inflation data on Wednesday 11th December. Given how this report may impact Fed cut bets beyond December, it could translate to dollar volatility.